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First Trust Managed Municipal ETF
FMB

Overview Fund Activity

294 hedge funds and large institutions have $1.43B invested in First Trust Managed Municipal ETF in 2025 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 103 increasing their positions, 130 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed
Holders
294
Holders Change
-5
Holders Change %
-1.67%
% of All Funds
3.95%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
25
Increased
103
Reduced
130
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
APP
1
Avantax Planning Partners
Iowa
$41.7M
2
Jane Street
2
Jane Street
New York
$17.3M
3
OIA
3
OneDigital Investment Advisors
Kansas
$27.6M
4
Morgan Stanley
4
Morgan Stanley
New York
$152M
5
Susquehanna International Group
5
Susquehanna International Group
Pennsylvania
$3.92M

Top Sellers

1
AAS
1
Avantax Advisory Services
Texas
$6.44M
2
Creative Planning
2
Creative Planning
Kansas
$4.11M
3
LFG
3
Larson Financial Group
Missouri
$979K
4
JPMorgan Chase & Co
4
JPMorgan Chase & Co
New York
$5.05M
5
LPL Financial
5
LPL Financial
California
$102M
Name Holding Trade Value Shares
Change 		Shares
Change %
PWA
201
PCG Wealth Advisors
Kansas
$448K -$511K -10,254 -53%
AIP
202
Ameritas Investment Partners
Nebraska
$446K +$9.22K +185 +2%
WIA
203
World Investment Advisors
California
$444K +$4.24K +85 +1%
TCWM
204
Total Clarity Wealth Management
Illinois
$443K +$443K +8,902 New
FFA
205
Fragasso Financial Advisors
Pennsylvania
$443K – – –
GIA
206
Gladstone Institutional Advisory
Florida
$440K -$36.4K -731 -8%
FEG
207
Financial Enhancement Group
Indiana
$438K +$438K +8,798 New
PCIA
208
Prime Capital Investment Advisors
Kansas
$434K -$50 -1 -0%
AA
209
Armis Advisers
Georgia
$429K +$2.29K +46 +0.5%
SPI
210
Sutton Place Investors
New York
$425K -$15.7K -315 -4%
HWA
211
HCR Wealth Advisors
California
$416K – – –
PFA
212
Pure Financial Advisors
California
$409K +$409K +8,219 New
SA
213
Sovran Advisors
California
$409K -$7.13K -143 -2%
VA
214
Valmark Advisers
Ohio
$408K +$100 +2 +0%
Mercer Global Advisors
215
Mercer Global Advisors
Colorado
$397K -$777K -15,604 -66%
PFGIA
216
Patriot Financial Group Insurance Agency
Massachusetts
$388K – – –
SWM
217
SeaCrest Wealth Management
New York
$384K -$64.8K -1,300 -14%
QC
218
Quadrature Capital
United Kingdom
$376K +$376K +7,549 New
US Bancorp
219
US Bancorp
Minnesota
$373K -$49.8K -1,000 -12%
OC
220
Oppenheimer & Co
New York
$369K – – –
CWM
221
Cornerstone Wealth Management
Missouri
$366K +$1.54K +31 +0.4%
EC
222
Elequin Capital
New York
$361K +$361K +7,252 New
AWA
223
Alta Wealth Advisors
Massachusetts
$357K -$2.64K -53 -0.7%
KA
224
Kovack Advisors
Florida
$341K -$9.96K -200 -3%
BC
225
Bowman & Company
Wisconsin
$337K -$25.8K -517 -7%
7 8
9
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